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WTO Negotiations with Serbia and Kazakhstan: Reasons for Delay in Membership

   

Added on  2023-06-10

13 Pages3180 Words379 Views
EconomicsPolitical Science
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Running head: NEGOTIATIONS BETWEEN WTO AND SOME NATIONS HAVE NOT
REACHED AN AGREEMENT
WTO negotiations with Serbia and Kazakhstan
Name of the Student
Name of the University
Author Note
WTO Negotiations with Serbia and Kazakhstan: Reasons for Delay in Membership_1

1
NEGOTIATIONS BETWEEN WTO AND SOME NATIONS HAVE NOT REACHED AN
AGREEMENT
Abstract
World Trade Organization is the international trade organization that is concerned with the
global rules of trade between countries. The main objective of this organization is to ensure that
trade flows between the nations are carried out smoothly, freely and as predictably as possible.
This objective of the organization explains its significance in enhancing the economic growth of
its member countries. This research proposal aims at elaborating the significance of WTO
particularly, in the context of international trade and the benefits that are associated with its
membership. The proposal shall also focus on the two countries, Serbia and Kazakhstan that
have not yet become a member of the WTO and have been engaged in a prolong negotiation
regarding their accession terms and conditions. The common issue that has held them back from
entering into the WTO agreement are the Bilateral agreements apart from the other individual
issues that has restrained the nations from becoming a member of the WTO organization that has
been dealt with briefly in this research proposal. However, while Kazakhstan has recently joined
the WTO membership, Serbia is still in the negotiating process with the WTO before it finally
decides to become member of the international organization.
WTO Negotiations with Serbia and Kazakhstan: Reasons for Delay in Membership_2

2
NEGOTIATIONS BETWEEN WTO AND SOME NATIONS HAVE NOT REACHED AN
AGREEMENT
Table of Contents
Introduction......................................................................................................................................3
Background......................................................................................................................................3
Scope of the Study...........................................................................................................................4
Purpose of the Study........................................................................................................................4
Research Aims and Objectives........................................................................................................5
Research Questions and Hypotheses...............................................................................................5
Literature review..............................................................................................................................6
Benefits of WTO Membership....................................................................................................6
Reasons why Kazakhstan did not become WTO member...........................................................7
Reasons why Serbia did not become WTO member...................................................................8
Research Methodology....................................................................................................................9
Conclusion.......................................................................................................................................9
References......................................................................................................................................11
WTO Negotiations with Serbia and Kazakhstan: Reasons for Delay in Membership_3

3
NEGOTIATIONS BETWEEN WTO AND SOME NATIONS HAVE NOT REACHED AN
AGREEMENT
Introduction
Background
The World Trade Organization is considered as one of the youngest international
organizations that has commenced its operations in 1995. The WTO is the successor of the
General Agreement on Tariffs and Trade [GATT] and it advocates fair and free trade flow
globally by negotiating rules and ensuring its compliance. In regards to the Trade Policy review,
the organization aims at improving transparency and evaluating policy impact. Another
significant part of the WTO is the Dispute Settlement Understanding, which ensures that trade
is carried out smoothly and freely so far it is possible. Prior to becoming a member of the WTO,
a nation must undergo six essential procedures (Chin, Rusli and Khusyairi 2015).
Firstly, the interested countries must make an application that must be reviewed by any
Working party for Accession comprising the UN, IMF, World Bank or any present WTO
member. Secondly, the Observer will submit its Memorandum of the Foreign Trade Regime,
which contains the statistics about the economy of the nation and its trade policies. Thirdly, after
series of negotiations and discussions, the Working party set out the terms and conditions to be
fulfilled by the observer before becoming a member. Fourthly, the Observer negotiates bilateral
trade agreements with its desired country and the agreements will remove, reduce or set tariffs
providing access to markets of the nations.
Fifthly, the working party drafts the Membership terms, which includes the changes made
by the observer regarding its trade policies, list of commitments made by the participants and the
terms of the bilateral trade agreement. Lastly, the General Council approves the Protocol of
WTO Negotiations with Serbia and Kazakhstan: Reasons for Delay in Membership_4

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